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Australia is Open for Business!

Posted on June 19th, 2014

Fresh from his election win in September last year, one of the first assurances that the newly elected Australian Prime Minister Tony Abbott declared was that Australia was now officially ‘open for business.’

This statement is true in more ways than one with interest from overseas investors increasing due to the recent signing of two new trade agreements with the Republic of Korea and Japan. The nine year negotiations with China for a free-trade agreement is still continuing. Combined, Japan, South Korea and China are responsible for buying more than half of Australia’s exports. In particular, China’s middle class population has been deemed as Australia’s next biggest consumer for beef, milk, cheese, wine and financial services.